Company Registration No. 10367385 (England and Wales)
FAFS Associate Ltd
Unaudited accounts
for the year ended 30 September 2020
FAFS Associate Ltd
Unaudited accounts
Contents
FAFS Associate Ltd
Company Information
for the year ended 30 September 2020
Company Number
10367385 (England and Wales)
Registered Office
42-46 Derwent House
Waterloo Road
Wolverhampton
WV1 4X
United Kingdom
Accountants
Faithcor Accounting & Financial Services Ltd
Derwent House
42-46 Waterloo road
Wolverhampton
West Midlands
WV1 4XB
FAFS Associate Ltd
Statement of financial position
as at 30 September 2020
Cash at bank and in hand
4,057
721
Creditors: amounts falling due within one year
(3,001)
(3,032)
Net current assets/(liabilities)
1,155
(1,005)
Total assets less current liabilities
2,068
(1,005)
Creditors: amounts falling due after more than one year
-
(3)
Net assets/(liabilities)
2,068
(1,008)
Called up share capital
100
100
Capital contribution reserve
12,000
12,000
Profit and loss account
(10,032)
(13,108)
Shareholders' funds
2,068
(1,008)
For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2020 and were signed on its behalf by
TA Muti
Director
Company Registration No. 10367385
FAFS Associate Ltd
Notes to the Accounts
for the year ended 30 September 2020
FAFS Associate Ltd is a private company, limited by shares, registered in England and Wales, registration number 10367385. The registered office is 42-46 Derwent House, Waterloo Road, Wolverhampton, WV1 4X, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
(1)
-
Debtors: amounts falling due after more than one year
FAFS Associate Ltd
Notes to the Accounts
for the year ended 30 September 2020
6
Creditors: amounts falling due within one year
2020
2019
Loans from directors
1,210
-
7
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
